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Jerrylynnb
25th June 2015, 02:11 PM
Why I joined GSUS.

PatColo.

That's it.

I was heavy into Mami's but when our little favorite, Spingola, went south with her Sandy Hook trek, and I started reading PatColo on Mami's comments and found his posts to be top notch, and with what read like a very clear-headed analysis. He linked to GSUS, and, when I realized Mami's was falling behind, and catering to the likes of Spingola's Sandy Hook fantasy (and stubbornness), I checked it out over here and found what I deem to be the most intelligent blog crowd I'd ever visited. So I joined.

This has become one of my very few websites now, including Incogman, Thoughtcrime (Harold Covington), and, to a much lesser extent, Mami's.

I have never owned gold in my life. I got no problem with it, but, it seemed to me like it was too close to "gambling", where you pin your hopes on the number you place your "chips" on coming up the winner. I figured it out in junior high school that gambling was a net loss, even though you might actually win once in a while - all that does is feed your fantasy and you wind up losing even more.

Back in the mid 90's, I came into a small bundle (retiring early and all that), and I decided to check out gold and silver, because I feared massive inflation. I found Gold was under $300 per ounce, and, even a stick-in-the-mud like I was could figure out it was worth more than that, gambling notwithstanding.

But I wanted to take POSSESSION at the very same time I surrendered the FDR's (hard cash in hand), and so I visited several Gold and Silver outlets here in the Dallas metroplex and, to my surprise and disappointment, no dealer would actually trade with me for any of their gold ON THE SPOT.

Yeah, they all talked up a storm about selling it for just under $300, but they wanted me to pay for it now and then they'd get it for me later. One even plopped out about 30 gold coins on the glass counter for me to look at and feel. I opened up my wallet and drew out a whole lot of cash and he quickly scooped up his gold coins and told me he'd have to give it some *thought*. What a gyp!

I decided that all that gold/silver shenanigans was a swindle, because I was right there the man with the cash and I got the cold shoulder. So, I just walked off and, over the decades since, watched the price climb out of sight. I got no regrets, because, I still figure these guys had some kind of carnival trick they were plying and I was to be their sucker.

I got no idea how to preserve your wealth in a volatile
world. I bought I-bonds and such, because I consider myself to be too easy of a mark for these shifty gold/silver hawkers.

But I am still very much impressed with the intelligence that I encounter on this blog. You guys figure things, from different viewpoints, but with depth and intelligence that makes it worth the time to read and digest.

Keep it coming.

madfranks
25th June 2015, 02:18 PM
I would add that owning precious metals is only one part of an overall diverse strategy. I don't have all my eggs in one basket, but as far as I can tell gold and silver are good insurance policies in case of catastrophic fiat collapse. And you definitely need physical, in your possession. If banks crash and your gold is allegedly held in some warehouse somewhere else and you have is a paper receipt, well you have paper and they have the gold. Like Ponce said, "if you don't hold it, you don't own it." This is true to this day.

Shami-Amourae
25th June 2015, 02:27 PM
I would hold some coins even if you think Gold and Silver are stupid. I've bartered before with Silver coins so it is more than just a novelty. I think the Dollar is probably going to be the last fiat currency to fall so is probably a safe bet at this point, but of course that will probably change since I have more confidence in it.

Also I wouldn't sell to a pawn shop or a local coin store. They seem to rip you off. The best bet seems to be Apmex or E-Bay.


I've also come to the conclusion I'm too stupid at investing to invest so I'm simply not doing that anymore. I mean none of us are rich (from what I know), and we are all getting advice from one another on how to invest. It's all kind of silly once you step back and look at it. I think preps and stuff to expand my cashflow (business) are the smartest investments at this point.


Anyways that's an interesting story on how you found this place via Mami's Shit. I post there sometimes under a different alias. You may also want to check out our backup forum (http://www.truthinourtime.com/forum/forum.php), which doesn't get as much traffic, but has the same kind of people, just more openly radical.

Shami-Amourae
25th June 2015, 02:29 PM
I would add that owning precious metals is only one part of an overall diverse strategy.

I bet we'll all change our tune again once prices go up again like crazy.
:p

Serpo
25th June 2015, 02:46 PM
It takes some time to truly understand gold/silver , it took many of us years, and that was years ago.

One way to look at it is that g/s has been around forever ,is real in the material world.

Practically every other financial instrument has been made up from little bits of paper , invented by humans.

Mans invention is getting ready to crater as it has basically been peoples faith and imagination believing in the "system" that has kept it going for so long.

This you may of noticed is changing rapidly.

The point becomes , do you want what others believe is good money using their imaginations ( which is flimsy and shaky) to make it so .

or do we want what is truly real................even though it is manipulated

being manipulated at the moment so the big boys can buy cheap.........

Serpo
25th June 2015, 02:49 PM
I bet we'll all change our tune again once prices go up again like crazy.
:p

true , its very difficult to be diverse now days as practically everything there is to invest in normally is now compromised in some way.

gunDriller
25th June 2015, 03:14 PM
does Mami's have a forum ?

let me look -
http://mamisshit.chatango.com/

Mami's Chat !

Horn
25th June 2015, 03:15 PM
I joined cause silver kills Masons. :)

Ares
25th June 2015, 03:15 PM
I'm upset you didn't join because of me.... :(

LOL j/k welcome aboard the crazy train. Enjoy your stay.

Half Sense
26th June 2015, 07:26 AM
Jerrylynnb, that coin dealer may have been "underwater" on the coins he showed you - in other words, he may have acquired them when gold was higher, and is reluctant to sell for a loss. $300 was pretty close to the bottom, and holders of metal are always more reluctant to sell when the price is low. It costs them nothing to wait - the metal is already in their hand.

I think you will find if you acquire some gold or silver, that it's one of the LAST things you would sell. That doesn't sound like a very good investment strategy, does it? Because it isn't an investment strategy, or shouldn't be. Certainly, investing methods can be applied to metal - buy low, sell high, etc., but what is the goal? To acquire maximum dollars or maximum ounces? When the music stops, only the ounces will mean anything.

Jewboo
26th June 2015, 07:39 AM
Why I joined GSUS.

PatColo.

That's it.



I've always been a PatColo fan too.

I bought my AGEs at $560 and rode the emotional roller-coaster since. These days the only metal investment that makes sense to me is ammo.


:)

Hitch
26th June 2015, 07:47 AM
Jerrylynnb, that coin dealer may have been "underwater" on the coins he showed you - in other words, he may have acquired them when gold was higher, and is reluctant to sell for a loss. $300 was pretty close to the bottom, and holders of metal are always more reluctant to sell when the price is low. It costs them nothing to wait - the metal is already in their hand.

I think you will find if you acquire some gold or silver, that it's one of the LAST things you would sell. That doesn't sound like a very good investment strategy, does it? Because it isn't an investment strategy, or shouldn't be. Certainly, investing methods can be applied to metal - buy low, sell high, etc., but what is the goal? To acquire maximum dollars or maximum ounces? When the music stops, only the ounces will mean anything.

This is very wise and very well said. Bump this post!

palani
26th June 2015, 09:30 AM
My law requires that I engage in contracts for gold with sovereign entities and for contracts in silver with gentlemen. For peasants I sometime carry copper and for slaves I have my servants carry a particular form of IOU called a FRN. For larger sums than practical I sometimes instruct my banker agent to either pay in lawful money per 12 USC 411 or in other acceptable forms depending upon who the payment is being sent to.

The point is gold, silver, copper or paper .... none of these are investment vehicles. Knowledge is the only thing you can collect that cannot be stolen (or taxed ... another form of theft) from you.

PatColo
28th June 2015, 10:20 PM
thanks for your compliments in your OP Jerrylynnb. :) I've been away a few days, and I was just catching up with the "New Posts". I caught your post on page 3, which was odd coz I don't often go past page 2 when I'm playing catchup, coz "hot threads" will usually keep getting bumped with new replies, for weeks & months in some cases, so it will be found in the 1st couple pages.

Still good gains on the metals since I bought in '04; but nothing like the gains many of us were sitting on in early Spring '11. :rolleyes:



does Mami's have a forum ?

let me look -
http://mamisshit.chatango.com/

Mami's Chat !


Driller, mami's also has a dedicated comment thread with each blog entry, http://grizzom.blogspot.com << see "Comments" link at bottom of each entry. Generally not very active; most entries are lucky to get 1 comment! Plus, blog entries only move down, then to page 2, 3 etc. Once it drops to page 2, it's lucky to get any eyeballs.